Assignments: Normal Distribution and Managerial Applications Assignment
ASSIGNMENTS
Course Code : MS 08
Course Title : Quantitative Analysis for Managerial Applications
Assignment No. : MS-08/TMA/SEM-I/2014
Coverage : All Blocks
Note : Attempt all the questions and submit this assignment on or before 30th April, 2014 to the coordinator of your study center.
1. The distribution of Intelligence Quotient (I.Q.) scores measured for 100 students in a test is as follows:
I.Q.*
40-50
50-60
60-70
70-80
80-90
90-100
Number of Students 10 20 20 15 15 20
* The data is recorded with origin as 40, i.e. students with I.Q. between 80 and 90 are included in the first interval. The intervals included the upper class value but not the lower.
Find: Arithmetic Mean, Median, First and Third Quartiles, 90th percentile and 6th Decile.
2. A candidate is selected for interview for 3 posts. For the first post, there are 3 candidates, for the second, 4 and for the third post there are 2 candidates. What is the probability that the candidate is selected for at least one post?
3. The lifetimes of a colour TV picture tube is normally distributed, with a mean of 8 yrs and a standard deviation of 2 years.
(i) What is the probability that a picture tube will last more than 10 yrs?
(ii) If the firm guarantees the picture tube for 4 yrs, what percentage of the tubes sold will have to be replaced?
4. Make a list of formulae for all confidence intervals, sample size determination and tests of hypothesis that you have read in your study material.
5. What is a time – series? Discuss four components of a time – series. Why is it generally assumed that the impact of these components is multiplicative?
Course Code : MS 08
Course Title : Quantitative Analysis for Managerial Applications
Assignment No. : MS-08/TMA/SEM-I/2014
Coverage : All Blocks
Note : Attempt all the questions and submit this assignment on or before 30th April, 2014 to the coordinator of your study center.
1. The distribution of Intelligence Quotient (I.Q.) scores measured for 100 students in a test is as follows:
I.Q.*
40-50
50-60
60-70
70-80
80-90
90-100
Number of Students 10 20 20 15 15 20
* The data is recorded with origin as 40, i.e. students with I.Q. between 80 and 90 are included in the first interval. The intervals included the upper class value but not the lower.
Find: Arithmetic Mean, Median, First and Third Quartiles, 90th percentile and 6th Decile.
2. A candidate is selected for interview for 3 posts. For the first post, there are 3 candidates, for the second, 4 and for the third post there are 2 candidates. What is the probability that the candidate is selected for at least one post?
3. The lifetimes of a colour TV picture tube is normally distributed, with a mean of 8 yrs and a standard deviation of 2 years.
(i) What is the probability that a picture tube will last more than 10 yrs?
(ii) If the firm guarantees the picture tube for 4 yrs, what percentage of the tubes sold will have to be replaced?
4. Make a list of formulae for all confidence intervals, sample size determination and tests of hypothesis that you have read in your study material.
5. What is a time – series? Discuss four components of a time – series. Why is it generally assumed that the impact of these components is multiplicative?